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Metronome Raises $43 Million in Series B Funding

Metronome, a San Francisco-based usage-based billing software startup, has raised $43 million in a Series B funding round led by NEA, bringing its total funding to over $78 million since its founding in 2019. The company is experiencing rapid revenue growth and increased demand from AI firms and established businesses, such as Nvidia and Databricks.

Metronome's product reduces engineering investment for billing integration and maintenance, appealing to AI startups and other businesses aiming to switch to usage-based or cloud-based income. The company has seen a 6x growth in annual revenue and plans to continue expanding its workforce to meet the growing demand.

The funding round also saw NEA partner Hilarie Koplow-McAdams joining Metronome's board of directors, highlighting the significance of billing infrastructure as a revenue driver for businesses. With the additional funds, Metronome aims to further develop its product roadmap and provide long-term value to its customers.

NEA partner Hilarie Koplow-McAdams emphasized the importance of Metronome in operationalizing new business models quickly, turning billing into a system that